CoinMeta Data: Bitwise announces the launch of its first ETP (exchange-traded product) tracking Lighter, in order to expand the competition of decentralized perpetual trading platforms in European investment products. Bitwise Lighter Staking ETP ($BLIT) began trading on the Deutsche Börse Xetra on September 23, with an annual fee rate of 0.85%. This product is backed by LIT tokens stored in cold storage and tracks the Kaiko Lighter reference rate. Bitwise also launched a similar HyperLiquid Staking ETP in April, meaning that European brokerage investors can now access tokens related to two competing blockchain derivatives platforms. Bitwise reports that BLIT managed assets amounted to $4.74 million on September 23, providing a benchmark for measuring the development of investor demand.